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FCEP

FrieslandCampina Engro Pakistan KASE:FCEPL Stock Report

Last Price

PK₨66.46

Market Cap

PK₨50.9b

7D

-3.5%

1Y

-41.8%

Updated

04 Jul, 2022

Data

Company Financials +
FCEPL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance4/6
Financial Health5/6
Dividends0/6

FCEPL Stock Overview

FrieslandCampina Engro Pakistan Limited manufactures, processes, and sells dairy products in Pakistan.

FrieslandCampina Engro Pakistan Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FrieslandCampina Engro Pakistan
Historical stock prices
Current Share PricePK₨66.46
52 Week HighPK₨126.00
52 Week LowPK₨63.11
Beta1.14
1 Month Change-5.26%
3 Month Change-16.79%
1 Year Change-41.75%
3 Year Change26.54%
5 Year Change-45.95%
Change since IPO168.96%

Recent News & Updates

Shareholder Returns

FCEPLPK FoodPK Market
7D-3.5%0.5%1.5%
1Y-41.8%-7.0%-18.2%

Return vs Industry: FCEPL underperformed the PK Food industry which returned -7% over the past year.

Return vs Market: FCEPL underperformed the PK Market which returned -18.2% over the past year.

Price Volatility

Is FCEPL's price volatile compared to industry and market?
FCEPL volatility
FCEPL Average Weekly Movement4.9%
Food Industry Average Movement6.3%
Market Average Movement5.7%
10% most volatile stocks in PK Market8.8%
10% least volatile stocks in PK Market3.6%

Stable Share Price: FCEPL is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FCEPL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20051,310Ali Khanhttps://www.frieslandcampina.com.pk

FrieslandCampina Engro Pakistan Limited manufactures, processes, and sells dairy products in Pakistan. The company operates through two segments, Dairy and Beverages, and Ice Cream and Frozen Desserts. It also offers beverages, ice cream, and frozen desserts.

FrieslandCampina Engro Pakistan Fundamentals Summary

How do FrieslandCampina Engro Pakistan's earnings and revenue compare to its market cap?
FCEPL fundamental statistics
Market CapPK₨50.95b
Earnings (TTM)PK₨1.80b
Revenue (TTM)PK₨52.09b

28.2x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FCEPL income statement (TTM)
RevenuePK₨52.09b
Cost of RevenuePK₨43.26b
Gross ProfitPK₨8.84b
Other ExpensesPK₨7.03b
EarningsPK₨1.80b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.35
Gross Margin16.96%
Net Profit Margin3.46%
Debt/Equity Ratio58.9%

How did FCEPL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FCEPL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FCEPL?

Other financial metrics that can be useful for relative valuation.

FCEPL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA9.8x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does FCEPL's PE Ratio compare to its peers?

FCEPL PE Ratio vs Peers
The above table shows the PE ratio for FCEPL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.6x
ISIL Ismail Industries
16.4xn/aPK₨33.0b
NATF National Foods
14xn/aPK₨33.5b
RMPL Rafhan Maize Products
15.1xn/aPK₨91.9b
UPFL Unilever Pakistan Foods
33xn/aPK₨163.4b
FCEPL FrieslandCampina Engro Pakistan
28.2x29.3%PK₨50.9b

Price-To-Earnings vs Peers: FCEPL is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (19.6x).


Price to Earnings Ratio vs Industry

How does FCEPL's PE Ratio compare vs other companies in the PK Food Industry?

Price-To-Earnings vs Industry: FCEPL is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the PK Food industry average (9.3x)


Price to Earnings Ratio vs Fair Ratio

What is FCEPL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FCEPL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FCEPL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FCEPL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FCEPL (PKR66.46) is trading below our estimate of fair value (PKR91.16)

Significantly Below Fair Value: FCEPL is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: FCEPL is good value based on its PEG Ratio (1x)


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Future Growth

How is FrieslandCampina Engro Pakistan forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


29.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCEPL's forecast earnings growth (29.3% per year) is above the savings rate (10.5%).

Earnings vs Market: FCEPL's earnings (29.3% per year) are forecast to grow faster than the PK market (5.3% per year).

High Growth Earnings: FCEPL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FCEPL's revenue (16.7% per year) is forecast to grow faster than the PK market (4.2% per year).

High Growth Revenue: FCEPL's revenue (16.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FCEPL's Return on Equity is forecast to be high in 3 years time (28.7%)


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Past Performance

How has FrieslandCampina Engro Pakistan performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FCEPL has high quality earnings.

Growing Profit Margin: FCEPL's current net profit margins (3.5%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: FCEPL's earnings have declined by 5.3% per year over the past 5 years.

Accelerating Growth: FCEPL's earnings growth over the past year (919.7%) exceeds its 5-year average (-5.3% per year).

Earnings vs Industry: FCEPL earnings growth over the past year (919.7%) exceeded the Food industry 9.6%.


Return on Equity

High ROE: FCEPL's Return on Equity (17.2%) is considered low.


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Financial Health

How is FrieslandCampina Engro Pakistan's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FCEPL's short term assets (PKR16.6B) exceed its short term liabilities (PKR13.9B).

Long Term Liabilities: FCEPL's short term assets (PKR16.6B) exceed its long term liabilities (PKR3.7B).


Debt to Equity History and Analysis

Debt Level: FCEPL's net debt to equity ratio (27.2%) is considered satisfactory.

Reducing Debt: FCEPL's debt to equity ratio has increased from 13.4% to 58.9% over the past 5 years.

Debt Coverage: FCEPL's debt is well covered by operating cash flow (79.1%).

Interest Coverage: FCEPL's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


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Dividend

What is FrieslandCampina Engro Pakistan current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.54%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FCEPL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FCEPL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FCEPL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FCEPL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: FCEPL is not paying a notable dividend for the PK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FCEPL has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Ali Khan

5.33yrs

Tenure

Mr. Ali Ahmed Khan has been the Chief Executive Officer of FrieslandCampina Engro Pakistan Limited (formerly known as Engro Foods Limited) since March 27, 2017 and its Managing Director and Director since...


Leadership Team

Experienced Management: FCEPL's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: FCEPL's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FrieslandCampina Engro Pakistan Limited's employee growth, exchange listings and data sources


Key Information

  • Name: FrieslandCampina Engro Pakistan Limited
  • Ticker: FCEPL
  • Exchange: KASE
  • Founded: 2005
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: PK₨50.948b
  • Shares outstanding: 766.60m
  • Website: https://www.frieslandcampina.com.pk

Number of Employees


Location

  • FrieslandCampina Engro Pakistan Limited
  • Harbor Front Building
  • 5th Floor
  • Karachi
  • 75600
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.